1484 Mineral Spring Ave
North Providence, RI 02904
New 15yr NNN Lease | 300+ Unit Operator · Retail Property For Sale

Largest Dunkin’ Donuts Operator (300+ Units) | Established and Strong Performing Location | In Operation Since 1979 o The business operations of this Dunkin’ Donuts were recently acquired by the largest Dunkin’ Donuts operator in the world. The lease includes a personal guarantee from the CEO. o This Dunkin’ Donuts has been in operation since the 1979 and boasts a convenient drive-thru which lends to the strong store sales. The recent acquisition of the business operations may very well increase store sales even higher, resulting in increased percentage rent. Densely Populated Area with Strong Average Household Incomes – Five Minutes to Downtown Providence – RI State Capital o Within a three-mile and five-mile radius of this Dunkin’ Donuts there are over 155,891 and 361,545 residents respectively, providing a strong and consistent potential customer base. o The average household income in a one, three, and five-mile radius are all above the national average, with the one-mile radius being approximately 30% above the national average. o Providence, the State Capital, is within a five-minute drive from the Property. Mineral Spring Avenue is the main retail corridor as well as east/west connector in the Town of North Providence, providing the Dunkin’ with a strong customer base. Mineral Spring is also often used by motorists to access RI Routes 7 and 146, which are both North/South arteries. Heavily Trafficked Corridor – Home to other National Tenants o Traffic counts on Mineral Spring Avenue exceed 23,000 vehicles per-day. Mineral Spring Avenue has one lane on each side, with a shared turn lane. Given the high traffic count, traffic is often backed up in front of the Dunkin’. Long-Term Absolute NNN Lease with 15 Years Remaining and Attractive Lease Structure o The Property is subject to a long term 15 year absolute NNN Lease, which was signed in June 2018. The Lease provided for an attractive rent structure of Base Rent plus Percentage Rent. o In addition to the Base Rent, on a monthly basis the Tenant pays percentage rent equal to the difference between the monthly base rent and 10% of gross sales.